Business  |  Tax Incentives


30333 EMERALD VALLEY PARKWAY, LLC; FIRST INDUSTRIAL, LP Agreement #04-001 
CRA # 035-01575-01


Agreement Information
Community: GLENWILLOW      ODOD Status: Active
County: Cuyahoga      Agrmt Date: 5/24/2004
Local School District:      Amend. Date:
     Expiration Date: 12/31/2016
School Comp Agreement: Yes      Revenue Sharing: Yes
  SIC Code: 3423

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $5,600,000.00 $5,600,000.00
Exemptions $0.00 $5,600,000.00 $5,600,000.00
 

Real Property Tax Incentives

Percentage  75 %  
Term 10 years  
 
Personal Property
M & E F & F Inventory Total
Investments $600,000.00 $4,000,000.00 $5,600,000.00 $10,200,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 112 $4,200,000.00
Fulltime Permanent 0 $0.00
Fulltime Temporary 0 $0.00
Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 36 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 96      Cumulative Taxes
Jobs Created: 0 Real Property Taxes Paid: $606,472.00
Jobs Retained: 96 Real Property Taxes Forgone: $822,973.00
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $3,791,635.00 Personal Prop. Taxes Forgone: $0.00
Project Investment
Real Property: $5,109,200.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 8/20/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $67,106.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $91,441.00
Personal Property Taxes Paid: $77,800.00 Annual Report Year: 2015
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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